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Sales Activity
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Population
Bankstown - South lies within the top quartile of areas nationally for population growth performance according to AreaSearch analysis of recent, and medium to long-term trends
Bankstown-South's population, as per AreaSearch's analysis, is approximately 19,248 as of November 2025. This figure represents an increase of 814 people, a rise of 4.4% since the 2021 Census when the population was recorded at 18,434. The change is inferred from the estimated resident population of 19,137 in June 2024 and an additional 102 validated new addresses since the Census date. This results in a population density ratio of 4,354 persons per square kilometer, placing Bankstown-South in the top 10% of national locations assessed by AreaSearch, indicating high demand for land in the area. Notably, Bankstown-South's growth rate of 4.4% since the 2021 Census exceeded that of the SA3 area (4.1%), positioning it as a growth leader in the region. Overseas migration contributed approximately 71.9% of overall population gains during recent periods, driving this growth.
AreaSearch is adopting ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data, AreaSearch uses NSW State Government's SA2 level projections released in 2022 with a base year of 2021. Growth rates by age group from these aggregations are applied to all areas for the years 2032 to 2041. Based on projected demographic shifts, Bankstown-South is forecasted to experience significant population growth, increasing by 7,701 persons to 2041, a gain of 39.4% in total over the 17-year period.
Frequently Asked Questions - Population
Development
AreaSearch assessment of residential development activity positions Bankstown - South among the top 25% of areas assessed nationwide
Bankstown - South has approved approximately 73 new homes annually. From FY-21 to FY-25, it saw 368 homes approved, with another 14 approved in FY-26 so far. Each year, around 3.5 new residents arrive per dwelling constructed during these years.
This supply lags demand, potentially leading to heightened buyer competition and pricing pressures. New properties are constructed at an average value of $253,000, which is below the regional average. In FY-26, $54.1 million in commercial approvals have been registered, indicating strong commercial development momentum. Compared to Greater Sydney, Bankstown - South has about three-quarters the building activity per person and ranks among the 62nd percentile nationally for assessed areas.
New building activity comprises approximately 31.0% detached houses and 69.0% townhouses or apartments, promoting affordable entry pathways for downsizers, investors, and first-time purchasers. The area has about 469 people per dwelling approval, reflecting its established nature. By 2041, Bankstown - South is projected to grow by 7,590 residents. If current construction levels persist, housing supply may lag population growth, potentially intensifying buyer competition and supporting price growth.
Frequently Asked Questions - Development
Infrastructure
Bankstown - South has strong levels of nearby infrastructure activity, ranking in the top 30% nationally
Changes to local infrastructure significantly affect an area's performance. AreaSearch has identified 29 projects that could impact this region. Notable ones include Bankstown Exchange (Stage 1 - Bankstown Central Masterplan), Appian Way and North Terrace Drainage Upgrades, New Bankstown Hospital, and Bankstown CBD Transformation. The following list details those most likely to be relevant.
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INFRASTRUCTURE SEARCH
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Frequently Asked Questions - Infrastructure
Bankstown TOD Accelerated Precinct
State-led Transport Oriented Development (TOD) Accelerated Precinct around Bankstown station and CBD. Rezoning effective 27 November 2024 delivering capacity for 14,000 new homes (including 3-4% affordable housing) and 14,300 new jobs across a large mixed-use precinct. Features buildings ranging from 1 to 25 storeys around the new Metro station. Includes new parks, improved transport connectivity, walkways and cycleways. Part of the NSW Government's TOD Program to boost housing supply near major transport hubs. The NSW Government has committed $520 million to provide active transport links and quality public open spaces across TOD Accelerated Precincts. Potential upgrades proposed for Memorial Park and Griffith Park. Development expected over the next 10-15 years.
New Bankstown Hospital
The NSW Government is delivering a brand-new $2 billion+ state-of-the-art hospital on the Bankstown TAFE campus site in the Bankstown CBD. This is the largest single investment in a public hospital in NSW history. The new multi-storey facility will deliver expanded emergency, intensive care, operating theatres, maternity, paediatrics, mental health, cancer care, aged care and comprehensive teaching/training facilities. The existing Bankstown-Lidcombe Hospital will transition acute services to the new site upon completion (expected 2031) and be repurposed for community health services. As of December 2025 the project remains in detailed planning with the State Significant Development Application (SSD-46059944) under assessment by the Department of Planning, Housing and Infrastructure. Community consultation continues and early works (site preparation and demolition) are scheduled to commence in 2026 subject to final approvals.
Bankstown CBD Transformation
The comprehensive transformation of the Bankstown CBD is underway. Key components include the Bankstown CBD Upgrade (in construction) and the adoption of the Bankstown City Centre Master Plan (Planning Proposal submitted for Gateway Determination). The Master Plan guides streetscape improvements, new mixed-use developments, enhanced public spaces, and transport connectivity to create a vibrant, walkable city center, celebrating cultural diversity and supporting future growth. Recent completed projects under this umbrella include a $27 million stormwater upgrade, Paul Keating Park Play Space, and The Appian Way Pedestrian Mall transformation. The overall vision is a long-term, multi-developer initiative for Bankstown to become a leading health, education, and jobs hub.
Sydney Metro Bankstown Line Conversion
Conversion of the T3 Bankstown Line between Sydenham and Bankstown to metro standards as part of the Sydney Metro City & Southwest project. Includes upgrades to 11 stations with platform screen doors, new signalling systems, accessibility enhancements (lifts and level access), track modifications, and introduction of autonomous, air-conditioned metro trains with 4-minute peak frequencies. The line closed in September 2024 for intensive conversion works managed by Martinus Rail. Expected to open in 2026 (delayed from earlier targets due to industrial action). Provides fast travel times, e.g., Bankstown to Central in 28 minutes, and forms part of the overall 66 km Sydney Metro network.
Community Infrastructure Strategic Plan 2050
Canterbury-Bankstown Council's adopted long-term framework (2023-2050) guiding the planning, funding and delivery of community infrastructure including libraries, community centres, aquatic and leisure facilities, sports fields, parks, cultural spaces and civic facilities to support a growing and changing population across the entire LGA.
Bankstown Central Masterplan
A 30-year transformational redevelopment of 11.4 hectares in Bankstown CBD into a vibrant mixed-use urban neighbourhood. Stage One, Bankstown Exchange, features 30,000 sqm of A-grade commercial office space across three buildings with ground-floor retail and an Eat Street dining precinct. The full masterplan includes up to 3,500 residential apartments, 1,800 student accommodation units, 800-guest hotel, serviced apartments, childcare facilities, and landscaped green spaces. The project aims to create a Health and Education Innovation Precinct, supporting 8,400 workers and generating significant economic activity. Retail precinct upgrades include The Grand Market fresh food area with new Coles supermarket, plus major retailers like Uniqlo, JB Hi-Fi, and Services Australia. The development integrates with the Sydney Metro City & Southwest line and complements the adjacent Western Sydney University campus.
Bankstown Exchange (Stage 1 - Bankstown Central Masterplan)
Stage 1 of the Bankstown Central masterplan delivers approximately 30,000 sqm of A-grade commercial office space across three buildings (two 8-level towers and one 5-level building), ground-floor retail with an activated 'Eat Street' dining precinct, new public plazas, a repositioned bus interchange, basement parking for 320 vehicles, 240 bicycle spaces and end-of-trip facilities. The project is a key catalyst for the Bankstown Health and Education Innovation Precinct.
Compass Centre Redevelopment
Redevelopment of the Compass Centre site in Bankstown with demolition of existing structures and construction of a mixed-use precinct featuring a 5-storey podium and three towers: one 19-storey hotel (~169 rooms) and two 24-storey residential build-to-rent towers (339 apartments). Includes retail spaces, supermarket, gym, childcare centre, medical centre, function centre, through-site links to Bankstown Station and Paul Keating Park, enhanced public domain, landscaping, and a two-level basement. SSD application (PPSSDH-182) under assessment as of November 2025.
Employment
AreaSearch assessment indicates Bankstown - South faces employment challenges relative to the majority of Australian markets
Bankstown - South has an educated workforce with diverse sector representation. The unemployment rate was 8.5% as of June 2024, with estimated employment growth of 2.0%.
By June 2025, the unemployment rate was 9.1%, compared to Greater Sydney's 4.2%. Workforce participation in Bankstown - South was 44.9%, lower than Greater Sydney's 60.0%. Key sectors for residents are health care & social assistance, retail trade, and manufacturing, with a strong specialization in manufacturing (1.7 times the regional level). Professional & technical services had only 7.0% of Bankstown - South's workforce compared to 11.5% in Greater Sydney.
Many residents commute elsewhere for work. Between June 2024 and June 2025, employment levels increased by 2.0%, labour force by 2.5%, raising the unemployment rate by 0.5 percentage points. National employment forecasts from Jobs and Skills Australia (May 2025) project growth of approximately 6.2% over five years and 13.2% over ten years for Bankstown - South, based on its industry mix.
Frequently Asked Questions - Employment
Income
The area's income levels rank in the lower 15% nationally based on AreaSearch comparative data
AreaSearch's latest postcode level ATO data for financial year 2022 shows that Bankstown - South has lower than average incomes nationally. The median income is $39,796 and the average is $49,900. This contrasts with Greater Sydney's figures: median income of $56,994 and average income of $80,856. Based on Wage Price Index growth of 12.61% since financial year 2022, estimated incomes as of September 2025 are approximately $44,814 (median) and $56,192 (average). The 2021 Census data ranks Bankstown - South's household income at the 24th percentile ($1,355 weekly), and personal income at the 5th percentile. The earnings profile shows that 31.2% of locals (6,005 people) earn between $1,500 and $2,999. Housing affordability pressures are severe, with only 76.7% of income remaining, ranking at the 17th percentile.
Frequently Asked Questions - Income
Housing
Bankstown - South features a more urban dwelling mix with significant apartment living, with a higher proportion of rental properties than the broader region
Bankstown - South dwelling structures, as per the latest Census, consisted of 36.2% houses and 63.8% other dwellings (semi-detached, apartments, 'other' dwellings). In contrast, Sydney metro had 61.5% houses and 38.4% other dwellings. Home ownership in Bankstown - South was at 24.3%, with mortgaged dwellings at 24.9% and rented dwellings at 50.8%. The median monthly mortgage repayment was $1,820, lower than Sydney metro's $2,240. Weekly rent in Bankstown - South was $415, compared to Sydney metro's $425. Nationally, Bankstown - South's mortgage repayments were below the Australian average of $1,863, while rents were above the national figure of $375.
Frequently Asked Questions - Housing
Household Composition
Bankstown - South features high concentrations of group households, with a lower-than-average median household size
Family households constitute 74.3% of all households, including 37.3% couples with children, 18.4% couples without children, and 16.4% single parent families. Non-family households comprise the remaining 25.7%, with lone person households at 21.1% and group households making up 4.6%. The median household size is 3.0 people, which is smaller than the Greater Sydney average of 3.1.
Frequently Asked Questions - Households
Local Schools & Education
Educational outcomes in Bankstown - South fall within the lower quartile nationally, indicating opportunities for improvement in qualification attainment
Bankstown - South has 28.3% of residents aged 15+ with university degrees, compared to Greater Sydney's 38.0%. Bachelor degrees are most common at 19.9%, followed by postgraduate qualifications (7.2%) and graduate diplomas (1.2%). Vocational pathways account for 24.1%, including advanced diplomas (10.6%) and certificates (13.5%). Currently, 35.3% of residents are enrolled in formal education: 10.0% in primary, 8.4% in secondary, and 7.8% in tertiary education.
The area has a network of 7 schools educating approximately 3,171 students, with typical Australian school conditions (ICSEA: 968). This includes 3 primary, 2 secondary, and 2 K-12 schools.
Frequently Asked Questions - Education
Schools Detail
Nearby Services & Amenities
Transport
Transport servicing is high compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility
Bankstown-South has 90 active public transport stops offering a mix of train and bus services. These stops are served by 48 different routes, collectively facilitating 13,107 weekly passenger trips. Residents enjoy excellent transport accessibility, with an average distance of 141 meters to the nearest stop.
Service frequency across all routes averages 1,872 trips per day, translating to around 145 weekly trips per individual stop.
Frequently Asked Questions - Transport
Transport Stops Detail
Health
Bankstown - South's residents boast exceedingly positive health performance metrics with younger cohorts in particular seeing very low prevalence of common health conditions
Health outcomes data shows excellent results in Bankstown - South, particularly for younger cohorts with low prevalence of common health conditions. Private health cover rate is extremely low at approximately 46% of the total population (~8,873 people), compared to 48.6% across Greater Sydney and a national average of 55.3%. The most prevalent medical conditions are diabetes (5.3%) and arthritis (5.0%), with 79.4% of residents reporting no medical ailments, higher than the 75.8% in Greater Sydney.
The area has 14.7% of residents aged 65 and over (2,823 people), lower than Greater Sydney's 15.8%. Health outcomes among seniors require more attention despite being above average.
Frequently Asked Questions - Health
Cultural Diversity
Bankstown - South is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics
Bankstown-South is one of the most culturally diverse areas in Australia, with 61.1% of its population born overseas and 81.1% speaking a language other than English at home. Christianity is the predominant religion in Bankstown-South, comprising 35.1% of the population. However, Buddhism is notably overrepresented, making up 13.9% compared to the Greater Sydney average of 6.7%.
In terms of ancestry, the top three groups are Other (24.7%), Vietnamese (22.3%, substantially higher than the regional average of 8.5%), and Lebanese (12.4%). There are also notable differences in the representation of Macedonian (2.1% vs 1.7%), Greek (3.1% vs 3.4%), and Samoan (0.7% vs 0.5%) groups compared to regional averages.
Frequently Asked Questions - Diversity
Age
Bankstown - South hosts a young demographic, positioning it in the bottom quartile nationwide
Bankstown-South's median age is 34 years, which is lower than Greater Sydney's average of 37 and Australia's average of 38. Compared to Greater Sydney, Bankstown-South has a higher proportion of residents aged 25-34 (18.4%) but fewer residents aged 35-44 (13.6%). Between the 2021 Census and the present, the population aged 65-74 has increased from 7.2% to 8.5%. Conversely, the proportion of residents aged 5-14 has decreased from 12.2% to 11.3%. By 2041, demographic forecasts indicate significant changes in Bankstown-South's population. The 45-54 age group is projected to grow by 52%, adding 1,151 residents to reach a total of 3,369.